other material
confidence high
sentiment neutral
materiality 0.55
NRP repurchases and retires 45,000 Class A Preferred Units for $45M
NATURAL RESOURCE PARTNERS LP
- 45,000 Class A Preferred Units repurchased for $45M cash plus accrued and unpaid distributions.
- Repurchase funded from cash on hand and borrowings under revolving credit facility.
- After this transaction, 121,667 of the original 250,000 Class A Preferred Units remain outstanding.
- The repurchased units were retired immediately; all holder rights ceased.